{"id":161591,"date":"2023-04-05T16:24:34","date_gmt":"2023-04-05T21:24:34","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/04\/billionaire-richard-bransons-virgin-orbit-files-for-bankruptcy-after-failed-satellite-launch"},"modified":"2023-04-05T16:24:34","modified_gmt":"2023-04-05T21:24:34","slug":"billionaire-richard-bransons-virgin-orbit-files-for-bankruptcy-after-failed-satellite-launch","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/04\/billionaire-richard-bransons-virgin-orbit-files-for-bankruptcy-after-failed-satellite-launch","title":{"rendered":"Billionaire Richard Branson\u2019s Virgin Orbit Files For Bankruptcy After Failed Satellite Launch"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/billionaire-richard-bransons-virgin-orbit-files-for-bankruptcy-after-failed-satellite-launch.jpg\"><\/a><\/p>\n<p>Richard Branson\u2019s Virgin Orbit has filed for bankruptcy in the U.S. after an eleventh-hour scramble to secure further funding failed, the satellite company announced on Tuesday, marking the end of a sudden spiral that followed a botched high-profile launch attempt out of Britain in January.<\/p>\n<p>Virgin Orbit has filed for Chapter 11 bankruptcy protection in the Bankruptcy Court for the District of Delaware, documents show.<\/p>\n<p>Virgin Orbit said it had failed to secure sufficient funding to stay in business and the decision comes less than a week after it laid off most of its staff and ceased operations.<\/p>\n<hr>\n<p>Virgin Orbit, which laid off most of its staff last week, struggled to secure funding after a failed satellite launch from the U.K. in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Richard Branson\u2019s Virgin Orbit has filed for bankruptcy in the U.S. after an eleventh-hour scramble to secure further funding failed, the satellite company announced on Tuesday, marking the end of a sudden spiral that followed a botched high-profile launch attempt out of Britain in January. Virgin Orbit has filed for Chapter 11 bankruptcy protection in [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2028],"tags":[],"class_list":["post-161591","post","type-post","status-publish","format-standard","hentry","category-business","category-satellites"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/161591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=161591"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/161591\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=161591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=161591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=161591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}